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- 11/8/2024 -
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Electronic Arts (EA) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtWeekly  MACD line has moved above its signal line
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtThe period of high volatility of the stock price
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It was a fifth consecutive positive week for the Electronic Arts (EA). During the week, the EA gained 6.70 points, or 4.43%, and closed at 157.80 on Friday, November 8, 2024. It was the best weekly gain since July 12, 2024. Weekly volume was -8% below average.

EA is a member of Communication Services Sector. Communication Services is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See EA long-term trend chart]
A long-term uptrend had started on March 13, 2023 at 108.53 and reached 160.30 on November 7, 2024. EA gained -51.77 points, or -47.70%, in 86 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (132.42) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See EA medium-term trend chart]
A medium-term uptrend had started on May 9, 2024 at 124.92 and reached 160.30 on November 7, 2024. EA gained -35.38 points, or -28.32%, in 26 weeks. The price is now at the 7.07% retracement level.

Weekly Technical Indicators: [See EA weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See EA short-term trend chart]
A short-term uptrend had started on September 20, 2024 at 138.59 and reached 160.30 on November 7, 2024. EA gained -21.71 points, or -15.66%, in 48 days. The chart has formed a Rising Channel chart pattern.

Daily Technical Indicators: [See EA daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since September 26, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

The distance between the Bollinger Bands is 101.45% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.91
Williams' Percentage Range (W%R) 1.70
Strong Overbought
Lane's Stochastic (%D-Slow) 94.38
Strong Overbought
Greed/Fear Indicator (GFI) 90.87
Strong Overbought
Moving Average Converg./Diverg. (MACD) 2.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.54
Williams' Percentage Range (W%R) 1.30
Strong Overbought
Lane's Stochastic (%D-Slow) 59.09
Greed/Fear Indicator (GFI) 71.61
Moving Average Converg./Diverg. (MACD) 2.79
Trading Signals
Description Value Chart
Upper Bollinger Band 160.54
Daily Stochastic Crossing 159.28
Price 157.80
Weekly Stochastic Crossing 152.84
Parabolic System 152.00
Monthly Trendline Resistance 149.82
20 Day Moving Average 148.79
50 Day Moving Average 145.66
Lower Bollinger Band 139.80
Monthly Trendline Support 132.42
Sector and Industry
Description Name Rank
Sector Communication Services 11
Industry Interactive Home Entertainment 103
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 138.59
Low Date 09/20/2024
High 160.30
High Date 11/07/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 124.92
Low Date 05/09/2024
High 160.30
High Date 11/07/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 149.82
Support 132.42
Low 108.53
Low Date 03/13/2023
High 160.30
High Date 11/07/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 73.91
Low Date 12/26/2018
High 160.30
High Date 11/07/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 10.77
Low Date 07/31/2012
High 160.30
High Date 11/07/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.